Tim found a backer in Dorothy Paget, who liked racing horses. Apparently it was her only occupation. Horse racing is an expensive hobby. How was she paying for this? Not to worry, Dorothy was richer than god, having inherited fortunes from both sides of her family.
Her mother, Pauline, was one of the American Whitneys. Her father, Hugh Paget, was an English peer who started life with $5 and a ticket to America where he started a cattle ranch in Iowa, of all places. Later he hooks up with Henry Melville Whitney and they form the Dominion Coal and Steel Companies and make a fortune. And in case you haven't put two and two together: Henry is Pauline's father.

Eli Whitney

Henry is descended from Eli Whitney, famous for the cotton gin and interchangeable parts.